[/caption] The S&P500 emini futures areas of support and resistance. We are looking for weakness in this move up. There is decreasing volume in the S&P500 futures contract over the past four days. When volume is decreasing on moves up we are looking for a day like to day to show a stall in the commitment and then either a few days of consolidation to continue or a sell off. It looks like the S&P500 is headed to the 200 EMA which is used by professional traders. This is the first area of resistance. I normally look for an evening off of the volume to determine the move once the price enters in the trough between the dotted red 200 ema and the 200ma the solid red line. We also have a resistant trend line that would be keeping the bearish channel. The key will be the new commitment after a slight pause in the range for the next move up or out of the trough. S&P 500 day trading course
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